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HIDDEN VILLAS
APARTMENTS
A 504 - UNIT APARTMENT COMMUNITY
LOCATED IN DECATUR, GEORGIA
OFFE R IN G M E MO R A ND U M
NON-ENDORSEMENT AND DISCLAIMER NOTICE
Confidentiality and Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It
is intended to be reviewed only by the party receiving it from Marcus &Millichap and should not be made
available to any other person or entity without the written consent of Marcus & Millichap. This Marketing
Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to
establish only a preliminary level of interest in the subject property. The information contained herein is not
a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation,
and makes no warranty or representation, with respect to the income or expenses for the subject property,
the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance
with State and Federal regulations, the physical condition of the improvements thereon, or the financial
condition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy
of the subject property. The information contained in this Marketing Brochure has been obtained from
sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of
the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided. All potential buyers must take appropriate measures to verify all of the information set
forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap. All rights reserved.
NON-ENDORSEMENT NOTICE
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee
identified in this marketing package. The presence of any corporation’s logo or name is not intended to
indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its
affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely
included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT
YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Offices throughout the U.S. and Canada
HIDDEN HIDDEN
VILLAS VILLAS
APARTMENTS
APARTMENTS
2929 PANTHERSVILLE ROAD,
DECATUR, GA 30034
EXCLUSIVELY LISTED BY
DAN McBURNEY RAY WRIGHT
Senior Associate Associate
Member - National Multi Housing Group Member - National Multi Housing Group
Atlanta Office Atlanta Office
Office: 678.808.2700 Office: 678.808-2700
Direct: 678.808.2793 Cell: 770-330-0200
dan.mcburney@marcusmillichap.com ray.wright@marcusmillichap.com
FL SL3098262, GA 368233 GA 376628
MICHAEL J. FASANO
Broker of Record
First Vice President/Regional Manager
Michael.Fasano@marcusmillichap.com
Office: (678) 808-2700
Cell: (201) 314-1961
GA 352663
TABLE of
CONTENTS HIDDEN VILLAS
APARTMENTS
01 EXECUTIVE SUMMARY
PAGE 1
02 PROPERTY DESCRIPTION
PAGE 6
03 FINANCIAL ANALYSIS
PAGE 27
04 COMPETITIVE PROPERTY SET
PAGE 33
05 MARKET OVERVIEW
PAGE 45
SECTION
01 EXECUTIVE
SUMMARY
This information has been secured from sources we believe to be reliable, but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein
are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap
OFFERING SUMMARY
INTEREST OFFERED
Marcus & Millichap has been selected to exclusively market for sale
Hidden Villas Apartments, a 504-unit apartment community in Decatur,
Georgia. Constructed in 1969, the property represents a true-value add
opportunity to potentially upgrade individual units and complete the
current stabilization of eight fully renovated buildings comprising sixty-six
units. Renovated in 2018.
PROPERTY TOURS
Prospective purchasers are encouraged to visit the subject property prior
to submitting offers. However, all property tours must be arranged with
the Marcus & Millichap listing agents. At no time shall the tenants, on-site
management or staff be contacted without prior approval.
VITAL DATA
Location Decatur, GA | Dekalb County
Asset Type Multifamily
Lot Size 43.1 Acres
GBA 716,307 SF
Year Completed 1969 / 2018 Renovated
Location Class B-
CALL FOR OFFERS
Hidden Villas is being offered Unpriced with a Call for Offers during a
three week marketing / touring period. We expect to receive all offers
by December 20, 2018.
All bidders will be required to tour the property before submitting
a Letter of Intent. All offers should include proof of funds for down
payment capital as well as an investor profile.
2
01 E XECUTIVE SUMMARY
HIDDEN VILL AS APARTMENTS
INVESTMENT OVERVIEW
Hidden Villas Apartments is located just inside the I-285 loop, 7 Hidden Villas is right in the middle of the new Candler Road devel-
miles east of downtown Atlanta, near the intersection of I-20 and opment area. This area is undergoing significant upgrades of roads,
I-285. Residents have easy access to downtown and all points public transportation and retail/residential updating financed by
north and south on I-285. Located near South Dekalb Mall and just Dekalb County bonds.
minutes to Hartsfield-Jackson International
Airport.
HIDDEN VILLAS APARTMENTS PROVIDES QUALIFIED
A quiet retreat only minutes from major shop-
ping centers and a mile from South Dekalb INVESTORS A TRUE VALUE-ADD OPPORTUNITY TO ACQUIRE
Mall. This property features spacious studios,
AN ASSET STRATEGICALLY LOCATED IN ONE OF GEORGIA’S
FASTEST GROWING COMMUNITIES.
one, two, three-bedroom apartments, and
townhome floor plans that have been well
designed and offer designer touches, with
separate dining area and/or breakfast bar, ceramic tile flooring in For the surrounding community of Decatur, GA 30034, the nearby
entry and kitchen, marble vanity in bath, large walk-in closets, extra schools include:
storage, a fully equipped kitchen and eat-in areas in select models. Flat Shoals Elementary School
Near Northlake Mall, Emory Point, Emory Village, Clifton Road, Greenforest McCalep Christian Academy
Fernbank, Church St., Agnes Scott College, Atlanta Art Institute, Love & Grace Christian Academy
CDC, IRS, Eglestone Childrens Health Care, Devry University, Toco
Hills, Briarcliff Road, North Druid Hills Road, Lavista Road, and McNair High School
DeKalb Farmers Market. McNair Middle School
It is undergoing a major rehab including complete exterior paint-
ing. There is HUGE profit potential for the buyer who completes
the stabilization of these newly renovated units.
3
01 E XECUTIVE SUMMARY
HIDDEN VILL AS APARTMENTS
INVESTMENT
HIGHLIGHTS
HIDDEN VILLAS
APARTMENTS
504-UNIT APARTMENT
COMMUNITY IN
DECATUR, GA
$
VALUE-ADD OPPORTUNITY PROXIMITY TO
WITH THE POTENTIAL TO HARTSFIELD AIRPORT—
UPGRADE INDIVIDUAL UNITS EMPLOYS MORE THAN 22,000
AND COMPLETE THE STABILIZATION PEOPLE IN THE COUNTY
Large Floorplans, Gated Entry, Extra Storage, on Marta
Route, Fitness Center, Clubhouse & Swimming Pool
Conveniently located minutes from I-20 and I-285.
Renovated in 2018
4
HIGH QUALITY AMENITIES THROUGHOUT THE PROPERTY
SECTION
02 PROPERTY
DESCRIPTION
This information has been secured from sources we believe to be reliable, but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein
are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & MillichapPROPERTY DETAILS
HIDDEN VILLAS APARTMENTS
Property Address 2929 PANTHERSVILLE RD.
Lot Size 43.10 ACRES
Number of Buildings 52
Number of Units 504
Net Rentable SF 716,307
Average Scheduled Monthly
$495. PER UNIT
Rent per Unit
Average Scheduled Rent per SF $.56 PER SQ. FT.
Average Unit Size 890 SQ. FT.
This property is currently in the process of stabilization
following the complete renovation of seven of the buildings
comprising 54 units. These apartments have been fully
renovated to current building codes with the addition
of overhead sprinkler systems. There are also three
buildings that have been demolished following
fire damage comprising 26 units, and one
building (Phase 3 B building – 10 units) that is
extensively fire damaged and may need to
be demolished.
7SITE PLAN 02 PROPERT Y DESCRIPTION
HIDDEN VILL AS APARTMENTS
HIDDEN VILLAS APARTMENTS
Lot Size 43.10 ACRES
Number of Buildings 52
Number of Units 504
802 PROPERT Y DESCRIPTION
HIDDEN VILL AS APARTMENTS
HIGH QUALITY AMENITIES
COMMUNITY AMENITIES
Playground
24-Hour Fitness Center
Laundry Facilities APARTMENT AMENITIES
Gated Community Unique Features
Business Center 15 Minutes from Downtown
Cable/ Satellite ADA Compliant Access
Car Wash Extra Storage
Dog Park Garbage Disposal
Clubhouse Gated Entry
Swimming Pool Large Floorplans
902 PROPERT Y DESCRIPTION
FLA
HIDDEN VILL AS APARTMENTS
T S
HO
43.10 ACRES
ALS
RO
AD
33
,9
5
0
V
P
D
D
A
O
E R
ILL
RSV
HE
NT
I-285 9,140 VPD PA
NRENOVATED KITCHENS, INCLUDE REFRIGERATOR/ FREEZER, TILE FLOORS, DISHWASHER
02 PROPERT Y DESCRIPTION
FLOOR PLANS
HIDDEN VILL AS
1 BEDROOM/ STUDIO 1 BEDROOM 1 BEDROOM LARGE
450 SQ FT | SQUARE LAYOUT 706 SQ FT 729 SQ FT
2 BEDROOM/ ONE BATH 2 BEDROOM/ TWO BATH 2 BEDROOM/ 1.5 BATH
865 SQ FT | 2 BD/ 1 BA 1,019 SQ FT | 2 BD/ 1 BA 1,157 SQ FT / TOWNHOME02 PROPERT Y DESCRIPTION
HIDDEN VILL AS APARTMENTS
2 BEDROOM/ 2.5 BATH
1,260 SQ FT | TOWNHOUSE
3 BEDROOM/ 2 BATH
1,368 SQ FT | SQUARE LAYOUT
15S
OR
ERI
EXT
T ED
OVA
RENSECTION
03 FINANCIAL
ANALYSIS
This information has been secured from sources we believe to be reliable, but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein
are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & Millichap03 FINANCIAL ANALYSIS
HIDDEN VILL AS APARTMENTS
FINANCIAL OVERVIEW UNIT RENT
RENT PER SF/ MONTH
SUMMARY ●
RENT PER MONTH
TYPE OF OWNERSHIP Fee Simple
LOCATION CLASS B- ● ●
●
NUMBER OF UNITS 504
LOT SIZE 43.10 Acres
NET RENTABLE SQ FT 468,600 SF
YEAR COMPLETED / RENOVATED 1969 / 2018
STUDIO 1 BED 2 BED 3 BED
RENT ● RENT SQ. F T.
OPERATING DATA SELLER FINANCING
INCOME CURRENT MARKET Seller financing is available for this property to
allow purchaser to close quickly and stabilize the
GROSS SCHEDULED RENT $3,002,165 $4,807,026
asset to at least a 90% occupancy in order to put
LESS: VACANCY/DEDUCTIONS 0.0% $0 6.5% $312,457 permanent long-term debt in place. Terms are
negotiable depending upon strength of buyer and
TOTAL EFFECTIVE RENTAL INCOME $3,002,165 $4,494,569
amount of down payment.
OTHER INCOME $333, 708 $463,483
Current financial information with an updated rent roll in Excel is
EFFECTIVE GROSS INCOME $3,335,873 $4,958,052 available upon request.
LESS: EXPENSES 67.4% $2,247,177 46.5% $2,306,871
NET OPERATING INCOME $1,088,696 $2,651,181*
* Market NOI estimate is based on a stabilized occupancy of 93.5% at prevailing market rents.
2003 FINANCIAL ANALYSIS
OPERATING STATEMENT HIDDEN VILL AS APARTMENTS
INCOME CURRENT MARKET NOTES PER UNIT PER SF
GROSS POTENTIAL RENT $4,578,120 $4,807,026 $9,538 10.71
LOSS / GAIN TO LEASE $(1,575,955) 34.4% 0 0 0.00
GROSS CURRENT RENT $3,002,165 $4,807,026 $9,538 10.71
PHYSICAL VACANCY 0 0.0% $(312,457) 6.5% [1] ($620) (0.70)
TOTAL VACANCY $0 0.0% ($312,457) 6.5% ($620) ($1)
EFFECTIVE RENTAL INCOME $3,002,165 $4,494,569 $8,918 10.02
PET, APP, LATE, & OTHER FEES $63, 708 $88,483 [2] $176 0.20
DEPOSIT FORFEIT $270,000 $375,000 [3] $744 0.84
TOTAL OTHER INCOME $333, 708 $463,483 $920 $1.03
EFFECTIVE GROSS INCOME $3,335,873 $4,958,052 $9,837 $11.05
EXPENSES CURRENT MARKET NOTES PER UNIT PER SF
REAL ESTATE TAXES 303,562 477,495 [4] 947 1.06
INSURANCE 108,004 103,600 [5] 206 0.23
UTILITIES - ELECTRIC 273,600 273,600 [6] 543 0.61
UTILITIES - WATER & SEWER 276,266 308,631 [7] 612 0.69
UTILITIES - GAS 822 1,200 [8] 2 0.00
TRASH REMOVAL 312,000 312,000 [9] 619 0.70
REPAIRS & MAINTENANCE 171,865 148, 742 [10] 295 0.33
LANDSCAPING & POOL SERVICES 18,660 18,660 37 0.04
MARKETING & ADVERTISING 14,097 15,000 30 0.03
PAYROLL 520,500 493,023 [11] 978 1.10
PEST CONTROL 25,644 25,644 51 0.06
GENERAL & ADMINISTRATIVE 5,325 5,325 11 0.01
OPERATING RESERVES 116, 756 123,951 [12] 246 0.28
MANAGEMENT FEE 100,076 3.0% 0 0.0% [13] 0 0.00
TOTAL EXPENSES $2,247,177 $2,306,871 $4,577 $5.14
EXPENSES AS % OF EGI 67.4% 46.5%
NET OPERATING INCOME $1,088,696 $2,651,181 $5,260 $5.91
21
NOTES AND ASSUMPTIONS TO THE ABOVE ANALYSIS ARE ON THE FOLLOWING PAGE.03 FINANCIAL ANALYSIS
HIDDEN VILL AS APARTMENTS
NOTES
OPERATING STATEMENT NOTES
1 Current vacancy shown as Loss to Lease. Stabilized market vacancy projected to be 4% plus 2.5% credit loss.
2 Includes Late, Application, Administrative, & Pet fees. (Pet fee is calculated at $100 / new lease)
3 Current owner reports $22,500 in monthly forfeited deposits. Market figure is based on 96% occupancy.
4 Estimated 2018 taxes used for Current. Used millage rate with post-closing estimated assessed value of $28.5 million for Market.
5 Property Insurance quote for Market is from Norton Insurance - $200 / unit.
6 Electricity as reported by owner is not subject to increased extrapolation based on higher occupancy.
7 Water / sewer for Market based on extrapolation from current unit count occupancy
8 Annuallized actual usage for Current. Pool not in use, estimated Market at $100 per month.
9 Dumpters are $24,000 monthly, bulk refuse roll-offs for moveouts are $2,000 monthly.
10 Current amount reflects actual, Market amount reflects 3% of EGI..
11 Current amount reflects average between Current and Market. Market amount reflects 5 office staff at $190K and gate guards at $180K.
12 Operating reserves for Year 1 are 3.5% of EGI, Operating reserves for Market are 2.5% of EGI.
13 Management fee quote provided by Meridian Management Group is shown as Payroll. 11 full time employees at $829 per unit plus 18% additional employee costs.
22HIDDEN VILLAS
APARTMENTS
EMORY UNIVERSITY, A TOP-RANKED PRIVATE INSTITUTION RECOGNIZED
INTERNATIONALLY FOR ITS OUTSTANDING LIBERAL ARTS COLLEGES,
GRADUATE AND PROFESSIONAL SCHOOLS, AND ONE OF THE WORLD'S
LEADING HEALTHCARE SYSTEMS, IS LOCATED IN ATLANTA, GEORGIA.04
SECTION
COMPETITIVE
PROPERTY SET
This information has been secured from sources we believe to be reliable, but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein
are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & MillichapRENT COMPARABLES
HIDDEN VILLAS APARTMENTS
1 SERENADE
2 ORCHARD WALK
3 ASPEN WOODS
HIDDEN VILLAS
3 APARTMENTS
1
204 MARKET COMPARABLES
RENT COMPARABLES HIDDEN VILL AS APARTMENTS
TOTAL UNITS: TOTAL OCCUPANCY: YEAR BUILT:
HIDDEN VILLAS APARTMENTS
2929 Panthersville Road, Decatur, GA, 30034 504 97% 1969
UNIT TYPE UNITS SF RENT RENT/SF
STUDIO 24 450 $497 $1.10
1 BED 230 727 $649 $0.89
2 BED 200 1,032 $804 $0.78
3 BED 50 1,318 $901 $0.68
AMENITIES: 24-Hour Gym Access, Spacious Laundry Facilities, Gate Access, Big Screen TV, and
Stereo Equipment
1 SERENADE APARTMENTS TOTAL UNITS: TOTAL OCCUPANCY: YEAR BUILT:
3859 Flat Shoals Pkwy, Decatur, GA 30034
336 96% 1971
UNIT TYPE UNITS SF RENT RENT/SF
1 BDR 1 BATH
96 747 $675-$715 $0.93
FLAT
2 BDR 2 BATH
204 1,030-1,080 $775-$815 $0.75
FLAT
3 BDR 2 BATH
36W 1,340 $915 $0.68
FLAT
AMENITIES: BBQ/Picnic Area, Business Center, Clubhouse , Laundry Facilities, Pool, Sundeck,
Fitness Center
26RENT COMPARABLES 04 MARKET COMPARABLES
HIDDEN VILL AS APARTMENTS
2 ORCHARD WALK TOTAL UNITS: TOTAL OCCUPANCY: YEAR BUILT:
3800 Flat Shoals Pkwy.,Decatur, GA 30034
204 95% 1985
UNIT TYPE UNITS SF RENT RENT/SF
2 BDR 2 BATH
96 1,245 $813 $0.65
FLAT
2 BDR 1.5
34 1,218 $778 $0.64
BATH TWNHS
3 BDR 2 BATH
64 1,425 $875 $0.61
FLAT
3 BDR 2.5
10 1,522 $892 $0.59
BATH TWNHS
AMENITIES: Pool, Playground, Fitness Center, Laundry Room
3 ASPEN WOODS
3379 Flat Shoals Pkwy.,Decatur, GA 30034 TOTAL UNITS: TOTAL OCCUPANCY: YEAR BUILT:
184 94% 1988
UNIT TYPE UNITS SF RENT RENT/SF
1 BR/ 1 BA 64 928 $872 $0.94
2 BR/ 1 BA 120 995 $1,025 $1.03
TOTAL/ AVG. 184 972 $972 $1.00
AMENITIES: Outdoor Kitchen, Fitness Center, Laundry Facility, Playground
27SALES COMPARABLES
HIDDEN VILLAS APARTMENTS
1 EASTWYCK VILLAGE I PRICE/ UNIT: $54,243
2 AVONDALE FOREST I PRICE/ UNIT: $50,000
3 SPRING VALLEY I PRICE/ UNIT: $50,000SALES COMPARABLES 04 SALES COMPARABLES
HIDDEN VILL AS APARTMENTS
HIDDEN VILLAS APARTMENTS 1 AVONDALE FORREST
2929 Panthersville Road, Decatur, GA, 30034 3330 Mountain Drive, Decatur, GA, 30032
UNIT TYPE UNITS UNITS UNIT TYPE
Offering Price Unpriced Studio 24 Close of Escrow: 6/13/2017 119 1 BD/ 1 BA Flat
Price/ Unit 1 Bed 226 Days on Market: 113 2 BD/ 1.5 BA Flat
Price/ SF 2 Bed 205 Sales Price: $18,925,000 8 2 BD/ 2 BA Flat
CAP Rate 3 Bed 49 Price Unit: $50,000 10 3 BD/ 2 BA Flat
Total No. of Units: 504 CAP Rate: 6.98%
Year Built 1969/ Renovated 2018 Total No. of Units: 250
Year Built: 1970
2904 SALES COMPARABLES
SALES COMPARABLES HIDDEN VILL AS APARTMENTS
HIDDEN VILLAS
APARTMENTS
2 EASTWYCK VILLAGE TOWNHOMES SPRING VALLEY
2892 Eastwyck Circle, Decatur, GA, 30032 3 2823 Misty Waters Drive, Decatur, GA, 30032
UNITS UNIT TYPE UNITS UNIT TYPE
Close of Escrow: 10/30/2017 139 2 BD/ 1 BA Twnhs Close of Escrow: 6/13/2017 119 2 BD/ 1 BA Flat
Days on Market: 60 139 2 BD/ 1 BA Twnhs Days on Market: 107 113 3 BD/ 2 BA Flat
Sales Price: $23,660,000 79 3 BD/ 2 BA Twnhs Sales Price: $12,500,000 8 4 BD/ 2 BA Flat
Price Unit: $54,243 79 4 BD/ 2 BA Twnhs Price Unit: $50,000 10
Price/ SF: $46.06 Price/ SF: $46.45
CAP Rate: 5.25% CAP Rate: 6.98%
Total No. of Units: 436 Total No. of Units: 250
Year Built: 1964 Year Built: 1970
30SECTION
05 MARKET
OVERVIEW
This information has been secured from sources we believe to be reliable, but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must
verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein
are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.
© 2018 Marcus & MillichapLOCATION OVERVIEW
CITY OF DECATUR
The City of Decatur, with a population around 20,000, has
a strong commitment to improving pedestrian issues and
walkability. All city departments work together to achieve this
goal. Decatur Active Living offers a variety of programs to
get the community out walking including Team Decatur,
Walk With a Doc, Bright at Night Walks and Sunday
Strolls. The city also has a very strong Safe Routes to
School Program that is a model for the state.
The City of Decatur is among three communities
recognized in the latest round of Walk Friendly
Communities announced. The Walk Friendly
Community designation, awarded from bronze
to platinum, is given to applicant communities
that have demonstrated a commitment to
improving and sustaining walkability and
pedestrian safety through comprehensive
programs, plans and policies. To date,
THE PATH FOUNDATION IN PARTNERSHIP WITH DEKALB COUNTY 57 communities in the U.S. have
HAS DEVELOPED A TRAIL SYSTEM ENCOMPASSING 7000 ACRES OF been designated as Walk Friendly
GREENSPACE SOUTHEAST OF ATLANTA. Communities.04 MARKET OVERVIEW
HIDDEN VILL AS APARTMENTS
ATLANTA’S METRO COLLEGES AND UNIVERSITIES HAVE
BEEN IDENTIFIED BY THE ATLANTA CHAMBER HAVING A
SIGNIFICANT IMPACT ON THE LOCAL ECONOMY.
ATLANTA ECONOMY
The Atlanta economy ranks high in the nation The Atlanta metro features a surging business
for Fortune 500 headquarters and serves as a environment and modern infrastructure while
financial hub for the Southeast with SunTrust providing entertainment and attractions.
Banks and the Federal Reserve Bank of Atlanta. Affordable housing in the outer perimeter
lowers the average cost of living. The
Many companies favor Atlanta for its low metro has several acclaimed cultural
corporate taxes, pro-business climate, and access institutions, including Zoo Atlanta and
to national and global markets. The metro boasts the High Museum of Art. More than
one of the country's largest concentrations of 30 institutions of higher learning
air transportation, cargo and warehousing call Atlanta home, including Emory
operations, making trade, transportation and University, Georgia Institute
utilities the dominant employment sector. of Technology and Spelman
Atlanta is also a leading business and government College. Outdoor and sports
center. Numerous governmental and educational enthusiasts will find plenty to
entities are based in Atlanta, including the enjoy. Mild weather year-
Centers for Disease Control, the Federal round beckon , paddle
Reserve District Six and more than 30 accredited and bike on the many
institutions of higher learning. Technology- trails in and around
This information has been secured from sources we
focused R&D programs and facilities at the Atlanta.
believe to be reliable, but we make no representations
or warranties, expressed or implied, as to the
universities promote high-tech employment.
accuracy of the information. References to square
footage or age are approximate. Buyer must
verify the information and bears all risk forHIDDEN VILLAS
APARTMENTS
DECATUR’S QUALITY OF LIFE IS BUOYED
BY ITS ACCESS TO HIGHER EDUCATION AND A VARIETY
OF CULTURAL AND LIFESTYLE OFFERINGS.04 MARKET OVERVIEW
DEMOGRAPHIC REPORT HIDDEN VILL AS APARTMENTS
7,488
Population 1 Mile 3 Mile 5 Mile
2017 Population 7,488 78,924 198,527
ONE-MILE POPULATION IN 2017 2022 Population 7,399 80,596 204,278
Growth 2017 - 2022 -1.18% 2.12% 2.90%
In 2017, the population in your selected geography is 198,527. The popula-
tion has changed by 8% since 2010. It is estimated that the population in the 2017 Median Age 33.8 38.2 37.4
immediate 1- Mile radius will be 7,399 people five years from now,.
Households
2017 Households 2,924 29,161 73,940
HH Growth 2018-23 6.17% 7.19% 8.04%
$49,899
Avg Household Inc: $140,350 $123,814 $124,098
Avg Household Size: 2.50 2.70 2.80
MEDIAN HOUSEHOLD INCOME IN 2017
Work Place & Worker
$112,206
MEDIAN HOUSING VALUE IN 2017
No of Business
No of Employees
424
7,453
2,601
28,753
8,093
94,709
The median housing value in your selected area is $112,206. Owner
Income 1 Mile 3 Mile 5 Mile
occupied units is also predicted to increase by 8% within a five year time. Median HH Income $32,795 $44,418 $46,402
Household growth is predicted to increase by 4,300 households within five
years. Per Capita Income $18,224 $21,152 $23,753
Average HH Income $46,131 $56,737 $63,338
35ATLANTA ECONOMIC
GROWTH
COMPANY REVENUE ($MIL)
THE HOME DEPOT $100,904
UNITED PARCEL SERVICE (UPS) $65,872
DELTA AIR LINES, INC. $41,244
THE COCA-COLA COMPANY $35,410
THE SOUTHERN COMPANY $23,031
GENUINE PARTS COMPANY $16,309
WESTROCK $14,860
SUNTRUST BANKS, INC. $9, 741
PULTEGROUP, INC. $8,573
VERITIV $8,365
AGCO $8,306
HD SUPPLY HOLDINGS, INC. $6,534
NCR CORPORATION $6,516
AGNES SCOTT COLLEGE IS RANKED NO. 1 IN THE
COUNTRY AMONG NATIONAL LIBERAL ARTS COLLEGES ASBURY AUTOMOTIVE GROUP, INC. $6,456
ON THE MOST INNOVATIVE SCHOOLS LIST IN U.S.
INTERCONTINENTAL EXCHANGE $5,834
NEWS & WORLD REPORT’S 2019 EDITION OF BEST
COLLEGES.HIDDEN VILLAS
APARTMENTS
EXCLUSIVELY LISTED BY
DAN McBURNEY RAY WRIGHT
Senior Associate Associate
Member - National Multi Housing Group Member - National Multi Housing Group
Atlanta Office Atlanta Office
Office: 678.808.2700 Office: 678.808.2700
Direct: 678.808.2793 Cell: 770.330.0200
dan.mcburney@marcusmillichap.com ray.wright@marcusmillichap.com
FL SL3098262, GA 368233 GA 376628
MICHAEL J. FASANO
Broker of Record
First Vice President/Regional Manager
Michael.Fasano@marcusmillichap.com
Office: 678.808.2700
Cell: 201.314.1961
GA 352663You can also read
